AAON, Inc. $AAON Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in AAON, Inc. by 28.8% during the 1st quarter, now holding approximately 48,947 shares valued at $3.82 million.
• AAON recently announced a $0.10 quarterly dividend, set to be paid on September 26th, with a yield of 0.5% and a payout ratio of 27.21%.
• Research analysts have mixed ratings on AAON, with a consensus rating of "Buy" and a target price of $102.00, as well as a notable downgrade from Wall Street Zen to "strong sell."

American Century Companies Inc. decreased its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 28.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,947 shares of the construction company's stock after selling 19,813 shares during the quarter. American Century Companies Inc. owned approximately 0.06% of AAON worth $3,824,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in AAON by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company's stock valued at $509,111,000 after buying an additional 276,722 shares during the period. Blair William & Co. IL grew its holdings in shares of AAON by 86.2% during the 1st quarter. Blair William & Co. IL now owns 2,177,688 shares of the construction company's stock worth $170,143,000 after purchasing an additional 1,007,906 shares during the period. Geneva Capital Management LLC grew its holdings in shares of AAON by 13.1% during the 1st quarter. Geneva Capital Management LLC now owns 1,897,728 shares of the construction company's stock worth $148,269,000 after purchasing an additional 219,814 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of AAON by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,402,803 shares of the construction company's stock worth $109,598,000 after purchasing an additional 66,536 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of AAON by 39.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,101,692 shares of the construction company's stock worth $86,075,000 after purchasing an additional 312,855 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AAON. Robert W. Baird decreased their target price on AAON from $102.00 to $98.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. DA Davidson decreased their target price on AAON from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price for the company in a report on Monday, June 16th. Finally, Wall Street Zen cut AAON from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $102.00.

AAON Stock Up 1.4%

NASDAQ AAON traded up $1.16 on Thursday, reaching $81.41. The company had a trading volume of 671,924 shares, compared to its average volume of 1,418,789. The firm has a market capitalization of $6.64 billion, a PE ratio of 55.38 and a beta of 1.00. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $144.07. The firm has a 50-day moving average of $79.75 and a 200-day moving average of $84.64. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.99.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.09). The business had revenue of $311.57 million during the quarter, compared to analyst estimates of $326.15 million. AAON had a net margin of 9.70% and a return on equity of 15.45%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. On average, equities research analysts anticipate that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 5th. AAON's dividend payout ratio is 27.21%.

Insider Activity at AAON

In other news, insider Christopher Douglas Eason sold 12,003 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the completion of the transaction, the insider directly owned 5,301 shares in the company, valued at approximately $451,009.08. This represents a 69.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 18.70% of the company's stock.

About AAON

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.